NAV increases by 0.6% in April

News Release

Guernsey, 24 May 2019

NAV increases by 0.6% in April

· Princess Private Equity Holding Limited's (Princess) net asset value increased by 0.6% to EUR 11.57 per share

· Portfolio developments (+0.8%) were positive and currency movements flat

· Princess received distributions of EUR 8.1 million and invested EUR 9.0 million during the month

Princess received distributions of EUR 8.1 million during the month, of which EUR 4.1 million stemmed from the mature legacy fund portfolio.

Princess invested a total of EUR 9.0 million during the month, of which EUR 8.9 million was invested in Project Fox, a direct equity investment in a newly formed specialty property and casualty insurer and reinsurer focused on complex risks for commercial clients. Based in London and Bermuda, the company will be led by a team of risk experts with over 30 years of industry experience. The company will write specialty risk and reinsurance policies in areas including property, casualty, and others, taking advantage of an increasingly attractive market environment. Going forward, the company will focus on building up its underwriting team to expand its capacity and further develop effective underwriting strategies.

Further information is available in the monthly report, which can be accessed via: http://www.princess-privateequity.net/financialreports.

Ends.

About Princess

Princess is an investment holding company founded in 1999 and domiciled in Guernsey. It invests, inter alia, in private equity and private debt investments. Princess is advised in its investment activities by Partners Group, a global private markets investment management firm with EUR 73 billion in investment programs under management in private equity, private debt, private real estate and private infrastructure. Princess aims to provide shareholders with long-term capital growth and an attractive dividend yield. Princess is traded on the Main Market of the London Stock Exchange (ticker: PEY for the Euro Quote; PEYS for the Sterling Quote).

Contacts

Princess Private Equity Holding Limited:

[email protected]

www.princess-privateequity.net

Registered Number: 35241

LEI: 54930038LU8RDPFFVJ57

Investor relations contact

George Crowe

Phone: +44 (0)20 7575 2771

Email: [email protected]

Media relations contact

Jenny Blinch

Phone: +44 207 575 2571

Email: [email protected]

www.partnersgroup.com

This document does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities and neither is it intended to be an investment advertisement or sales instrument of Princess. The distribution of this document may be restricted by law in certain jurisdictions. Persons into whose possession this document comes must inform themselves about, and observe any such restrictions on the distribution of this document. In particular, this document and the information contained therein are not for distribution or publication, neither directly nor indirectly, in or into the United States of America, Canada, Australia or Japan.

This document may have been prepared using financial information contained in the books and records of the product described herein as of the reporting date. This information is believed to be accurate but has not been audited by any third party. This document may describe past performance, which may not be indicative of future results. No liability is accepted for any actions taken on the basis of the information provided in this document. Neither the contents of Princess' website nor the contents of any website accessible from hyperlinks on Princess' website (or any other website) is incorporated into, or forms part of, this announcement.